Digitalization is progressing at rapid pace, meaning that companies have to seize the opportunities afforded by digitalization in order to remain competitive and able to act, and to be among the winners of their sector. In order to identify these businesses, the study by the IMWF (a German management and economic research institute) thoroughly analyzed 12,300 companies in the categories of digitalization, technology and innovation.

The IMWF collected the findings of the study using the established "two pillars" test procedure. The first pillar is based on the social listening methodology. For the social listening element, approximately 1.5 million entries on the companies being researched were found online and analyzed with the help of artificial intelligence (AI). The second pillar involves carrying out surveys within companies using questionnaires. The businesses were asked about their digitalization measures in different thematic blocks. The findings were evaluated using a points system, which then determined the "Digital Champions 2024".

In the "machinery and plant construction" sector, valve specialist GEMÜ achieved a rating of 98.3 out of 100 possible points and came second among the companies recognized in this category.

"Digitalization is and will continue to be the driving force behind companies which want to keep setting trends in the future. I’m certain that our global digitalization measures will help the GEMÜ Group to further expand its position as a technological pioneer in the long term," comments Gert Müller, Managing Partner of the GEMÜ Group on being named a Digital Champion 2024.